Laxmi Dental Ltd. Approves Amalgamation of Bizdent Devices Private Limited
Mumbai – March 26, 2026 – Laxmi Dental Limited (BSE: 544339, NSE: LAXMIDENTL) announced today that its Board of Directors has approved a scheme of amalgamation with Bizdent Devices Private Limited, a wholly-owned subsidiary. The amalgamation is intended to simplify the company’s structure, improve operational efficiency, and enhance stakeholder value.The scheme, which is subject to statutory and regulatory approvals, including approval from the Regional Director and stock exchanges, will consolidate the businesses of Bizdent Devices Private Limited and Laxmi Dental Limited.
According to details released by the company:
- Transferor Company: Bizdent Devices Private Limited, engaged in the manufacture, distribution, and sale of aligner devices, sleep apnea devices, and sports guards.
- Transferee Company: Laxmi Dental Limited, engaged in the manufacture and sale of dental prostheses, implants, and raw materials.
The financial details of both companies are provided in Exhibit-1:
| Particulars | As on March 31, 2025 (Audited) | As on March 31, 2025 (Audited) | As on December 31, 2025 (Un-audited) | As on December 31, 2025 (Un-audited) |
|---|---|---|---|---|
| Paid-up share capital | Transferor Company | Transferee Company | Transferor Company | Transferee Company |
| 22.33 | 109.92 | 31.27 | 109.92 | |
| Net worth (Standalone) | ||||
| 113.85 | 2227.37 | 536.18 | 2397.06 | |
| Net worth (Consolidated) | NA | 2087.01 | NA | 2327.09 |
| Total (Standalone) | 532.99 | 1758.64 | 310.77 | 1588.55 |
| Income (Consolidated) | NA | 2424.45 | NA | 2100.89 |
(Amounts in Million)
The merger aims to reduce administrative costs, optimize resource utilization, and create a unified business structure. The Board of Directors anticipates that the amalgamation will positively impact financial strength and stakeholder value.
Additionally, the Board approved several policy amendments and appointed M/s. Bathiya Advisors LLP as the Internal Auditor for the financial year 2026-27 and M/s. Abhay Subhash & Associates as the Tax Auditors for the financial year 2025-26. Finally, Mr. Mitesh Kariya was appointed as Chief Operating Officer - Illusion Dental, and Mr. Arun Babu John was appointed as Chief Revenue Officer - Illusion Dental. Mr. Manan Khakhar was appointed as CEO - Vedia Solutions. Mr. Mitesh Kariya also surrendered 32,538 Employee Stock Options.
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